These ASX 200 growth shares could rise 12% to 30%

Analysts think big returns could be on offer from these shares.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you wanting to give your portfolio a lift with some quality ASX 200 growth shares? Then look no further!

That's because listed below are a few ASX shares that have been named as buys and tipped to grow strongly over the coming years.

Here's what sort of returns analysts are tipping from these shares right now:

Man drawing an upward line on a bar graph symbolising a rising share price.

Image source: Getty Images

Corporate Travel Management Ltd (ASX: CTD)

The first ASX 200 growth share to consider buying is Corporate Travel Management. It is a global leader in business travel management services.

Morgans remains bullish on the company despite its weaker-than-expected half-year results in February. The broker highlights that "if CTD delivers even close to its five-year strategy, the share price will be materially higher in time."

In light of this, Morgans thinks investors should buy and hold its shares while they're cheap. Though, it concedes that "the market may take time to rebuild its confidence in the outlook."

Morgans has an add rating and a $20.65 price target on the company's shares. This implies a potential upside of 32% for investors over the next 12 months.

Goodman Group (ASX: GMG)

Another ASX 200 growth share for investors to consider buying this month is Goodman Group. It is a leading integrated commercial and industrial property company.

Thanks to its strategy of developing properties in strategic locations close to large urban populations and in and around major gateway cities globally, it has been growing its earnings at a strong rate over the last decade.

The good news is that Macquarie believes this strong form can continue and is forecasting double-digit earnings growth in the coming years.

The broker currently has an outperform rating and a $34.84 price target on Goodman's shares. This suggests that a potential upside of 12% is possible for investors from current levels.

TechnologyOne Ltd (ASX: TNE)

A final ASX 200 growth share that could be a buy this month is enterprise software provider TechnologyOne.

Goldman Sachs is a big fan of the company and believes it is well-placed to continue its strong annual recurring revenue (ARR) growth for the foreseeable future.

For example, it feels that "the company is well placed to meet its A$500mn FY26 ARR target through a combination of SaaS flip uplift, net expansion and new customer growth."

Goldman has a buy rating and $18.05 price target on Technology One's shares. This implies a potential upside of 14% for investors over the next 12 months.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management, Goldman Sachs Group, Goodman Group, Macquarie Group, and Technology One. The Motley Fool Australia has positions in and has recommended Corporate Travel Management and Macquarie Group. The Motley Fool Australia has recommended Goodman Group and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

Cheerful man in a orange shirt standing in front of an audience holding a tablet and using hand gestures to interact with the audience.
Growth Shares

3 amazing ASX growth shares that continue to stand out

Looking for growth options? Here are three to consider.

Read more »

Person pointing finger on on an increasing graph which represents a rising share price.
Growth Shares

2 ASX shares tipped to grow at least 50% in the next 12 months

These stocks could be some of the best ones to own today.

Read more »

Scared looking people on a rollercoaster ride representing volatility.
Growth Shares

What's driving the wild swings in Telix shares?

The ASX biotech stock offers high-growth potential, but it comes with volatility.

Read more »

An executive in a suit smooths his hair and laughs as he looks at his laptop feeling surprised and delighted.
Growth Shares

3 stellar ASX growth shares to buy now with 30% to 70% upside

Analysts have buy ratings and lofty price targets on these shares.

Read more »

Person using a calculator with four piles of coins, each getting higher, with trees on them.
Growth Shares

2 ASX shares that I rate as buys today for both growth and dividends!

These businesses have plenty going for them. I’m calling them buys…

Read more »

Two excited woman pointing out a bargain opportunity on a laptop.
Share Market News

NextDC shares rocket 27% higher: Buy, hold or sell?

Can NextDC shares keep climbing higher, or have they now peaked?

Read more »

A woman on a green background points a finger at graphic images of molecules, a rocket, light bulbs, and scientific symbols as she smiles.
Growth Shares

3 exciting ASX shares you won't want to miss out on

These ASX shares are not just growing. They are expanding into much larger opportunities.

Read more »

A woman standing on the street looks through binoculars.
Growth Shares

Here are the latest growth forecasts for the Wesfarmers share price

Bunnings and Kmart could be unstoppable forces in the years ahead.

Read more »